Anxiety mounts over U.S. interest rate hike

…expect capital flight, experts warn FELIX OLOYEDE CBN Gov Emefiele and Finance Minister Adeosun There is growing concern over the effects of U.S. Federal Reserve’s decision to raise its benchmark interest rate, would have on the Nigerian economy as experts expect investors to take a flight. Investors are usually looking out for areas of higher More...

by Felix OLOYEDE | Published 2 days ago
By Felix OLOYEDE On Monday, June 11th, 2018
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Coronation Merchant Bank Sponsors NSE-LSE Dual Listing Conference  

Coronation Merchant Bank Limited has demonstrated its commitment to the growth and development of the capital market and Nigerian economy through its sponsorship of the 5th edition of the NSE-LSE Dual Listing Conference More...

By Uchenna Ajah On Monday, June 11th, 2018
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Rising Price of Crude: Mixed performance trail Oil and Gas companies

By OKEY ONYENWEAKU Contrary to investor expectations the Oil and Gas sector of the local stock market is failing to provide the market with the boost needed to shake it out of a bearish rut. Indeed, the sector seems More...

By Uchenna Ajah On Monday, June 11th, 2018
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Govt can’t sustain borrowing at current rate, says FSDH

By FELIX OLOYEDE The Federal Government cannot sustain the current rate which it borrows from the local debt market as yields would increase as the implementation of the 2018 budget commences, FSDH Merchant Bank More...

By Felix OLOYEDE On Friday, June 8th, 2018
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Supreme Court didn’t ask us to pay Innoson N14bn, says GTBank

FELIX OLOYEDE Guaranty Trust Bank (GTB) has refuted report making the round that the Supreme Court of Nigeria directed it to pay N14 billion to Innoson Nigeria Limited. The bank described as false claim by Innoson More...

By Uchenna Ajah On Tuesday, June 5th, 2018
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Naira drops by 50k at parallel market

Barely eight hours after the Central Bank of Nigeria (CBN) reviewed the exchange rate of the Naira against the Dollar at the parallel market, it lost 50 kobo. Naira drops by 50k at parallel market The Nigerian currency More...

By Felix OLOYEDE On Monday, June 4th, 2018
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CBN cuts BDCs’ forex rate as ABCON pledges support for single rate

FELIX OLOYEDE Godwin Emefile, CBN Governor In a bid to further ensure stability in the country’s foreign exchange market, the Central Bank of Nigeria (CBN) has reduced the rate it sells dollars to Bureau de changes More...

By Uchenna Ajah On Sunday, June 3rd, 2018
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Jitters in banks as CBN wields the big stick

By FELIX OLOYEDE Central Bank of Nigeria (CBN), Nigeria’s primary money market regulator,has decided to go tough on commercial banks and bureau de change operators as fresh pressure mounts on the local currency More...

By Uchenna Ajah On Sunday, June 3rd, 2018
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Adeosun on the scale: Shaky shaky growth

By TESLIM SHITTA-BEY Finance Minister Kemi Adeosun Even at the best of times the job of Nigeria’s minister of finance has been thankless, tough and  dangerous . A delicate balance between pragmatism and idealism. More...